Welcome to the Wealthy Mom MD Podcast, a podcast for women physicians who want to learn how to live a wealthy life. In this podcast, you will learn how to make money work for you, how you can have more of it, and learn the tools to empower you to live a life on purpose. Get ready to uplevel your money and your life. I'm your host, Dr. Bonnie Koo.

Hello, everyone. Welcome back. So excited to be speaking to you today. So this episode is a replay from 2023. I actually can't believe it was from that long ago, but there's a reason why I'm replaying this specific episode. So. So a few weeks ago, actually, at the time of this recording, I think it was a week ago, I was in Nashville for a business mastermind that I'm in with Amy Porterfield.

And if you're in the online business world, then you definitely know who she is. She was actually my first online business teacher, if you will. I took her course on email list building. I think that was probably the first online course I actually bought. And since then I've been an online course junkie. I'm sure some of you can relate to that. Anyway, the reason why I'm mentioning this is, in case you're not familiar, a mastermind in the traditional sense.

Because a lot of programs have the word mastermind and they don't always mean the same thing. But a real business mastermind is where a group of business owners, in this case female entrepreneurs, mastermind together under the guidance of someone way ahead of the group. So in this case it's Amy Porterfield, who's the guide slash mentor, and everyone else in the mastermind, we all contribute to the knowledge to help each other, et cetera.

So truly, it's masterminding together as a group and Amy is our teacher, but she's not the end all, be all. She's really there to facilitate. And of course, she imparts us with her wisdom as well. So I think I might be the lowest earner in this mastermind, or maybe the second to lowest, but it doesn't matter. I'm nowhere near the highest and most of them are making way more money than my business.

Now, you might be thinking, isn't that weird? Or is that really a good idea? And I will tell you, when I first joined a mastermind, not this one, where I was sort of in the bottom half or maybe even the bottom quarter, like it did not feel good because the one prior I was one of the highest earners. But what I've come to Realize is that you don't want to be the highest earner in the room.

And the reason why is you always want to surround yourself with people ahead of you to learn from them directly. Like it just kind of makes logical sense if you want to know how to get to whatever goal you want to, and in this case in business, make more money, scale your programs, blah, blah, blah, learn from people who've done just that. It's actually that simple. And so the same goes for you whether or not you have a business.

But if you have your own practice, for example, that is a business and you want to meet other practice owners who have been around longer, who've really, you know, built incredible practices, you can learn from them, learn from how they grew, and then also learn from their mistakes. Right? And if you're not a business owner, you want to be around people who have more money than you, because the same thing applies.

How do I create the life that I want? Find someone who has what you want and learn from them. And so that's one of the reasons why, you know, people join my programs is because of the community, because then they get to be with like minded women. Now, now, most of my programs are not in person, unfortunately. I do an annual conference or retreat. And at the time of this recording, I already had my big conference in Hawaii earlier this year.

At this time we are not going to do one in 2026, maybe 2027, we shall see. But also more likely is having a much smaller intimate retreat within the next year anyway. So then people ask me or my clients ask me more often. Well, how do I actually meet people in real life that are like this, that are thinking bigger, that want to think bigger and living bigger lives.

And I always tell them, go to a conference. And not just any conference. I'm not talking about going to your specialty conference like the American Academy of Dermatology, although that's all well and good as well. But you want to go to a specific type of conference. Now the good news is there are so many of them at this point, whereas maybe even a few years ago there really weren't that many.

And so this episode I am chatting with some of my really good entrepreneur friends. Dr. Peter Kim, Dr. Letizia Alto, her husband, Dr. Kenji Asakura, and Dr. Sunny Smith, who was also my first coach back in 2018. And so this conversation is really about how we met and how we've been supporting each other and really the power of proximity with like minded people. So speaking of upcoming conferences, if you miss mine in Hawaii.

Then the good news is there are two. More than two, but two that I'll be personally attending, and I would love to see you there. So the first One is in September 27th through the 29th in Newport Beach, California. That's Orange county airport code SN A. I guess you could fly into LAX, but then, you know, it's about 50 minutes away by car. Or two hours of traffic, if you're familiar with LA traffic.

But anyway, it's called PIMDCON, which stands for Passive Income MD. The actual conference name, however, is the Physician Real Estate and Entrepreneurship Conference. And it started out as just a real estate conference, but then Peter found that entrepreneurship and real estate go hand in hand. In fact, real estate is a form of entrepreneurship, and so he sort of included an entrepreneur specific track. And so I will tell you, Peter puts on a really fun conference.

If you've met him, you know how not just how nice he is, but he just brings so much contagious energy. And I know that if you show up, you will also leave energized. Now, this conference is for men and women, not necessarily just doctors. And this is a great conference to bring your partner, spouse, boyfriend, et cetera. Especially when you're trying to, like, explain why, you know, you should learn more about money and entrepreneurship and real estate.

It's a great way to get your partner on board. Just saying. The second conference I'll be attending is called the Lead Her Summit. And this is with my friend, Dr. Tiffany Moon. And I'll link a podcast that we did maybe a year ago. And she just came out with a new book called Joy Prescription, so you definitely want to check that out. So this is her second Lead Her Summit, and she started it last year.

And this is a little different. It is not limited to female physicians, although maybe like 70 or 80% of the attendees last year were. It's for any ambitious woman. And if you know Dr. Tiffany Moon, you know that she's all about glam and it has a great feminine, luxe energy. And so it was super fun. Now, the small problem last year is that I was a speaker that spoke in the last slot.

Yeah, when I'm speaking at a conference, I would say that I'm not necessarily like nervous, but it's like this little background anxiety and feeling like you can't fully relax until your talk is over. So every speaker wants to go on the first day as early as possible, not the last day in the last slot. And so I'm thrilled to say that this year I'm Just an attendee. And I'll be there to just soak it in and not have to, like, worry about what I'm going to say and all that good stuff and working on slides the night before, which is what I typically do.

And I will be speaking at Peter Kim's conference. The topic is TBD, but last year I spoke about Business Finances 101. So these are two great conferences that I highly encourage you to attend. Tiffany Moon's conference, November 5th through 7th, is in Dallas, Texas. That's where she lives. And so. Oh, there is one more conference I'll be speaking at, but it'll be only for the dermatologist. And that's actually September 5th through 7th.

It's the weekend right after Labor Day, and it's called the Lead Derm Summit. I don't think it's limited to women, but I'm not exactly sure. But if you go to the website, I'll link all these in the show notes. The Lead Derm conference is lead derm.org and that's also in Newport Beach, California, too. And the really fun part is that the host of Lead Derm is actually one of my Derm mentors back in the day, Dr. Jennifer Sung. And so kind of a big. I was going to say 360, 180, whatever it is, to be invited to speak at her conference. She attended my conference in Hawaii. And I don't know, I just felt so nervous, like, oh, my God, it's like, I don't know, it's like having your teacher, professor, like, you know, be part of something that you created. And it just, you know, it was really cool.

So I was so thrilled and honored to be asked to speak at her conference. And hers is all about leadership, community, and diversity in dermatology. So that is September 6th weekend in Newport Beach, California. And so, yes, that means I'll be going to California, Newport beach, twice in the same month from Tampa, which, by the way, I actually do love living here, but I do not like the fact that it's not the New York City airport in terms of the number of flights available, the number of direct flights available.

And there is no direct flight to Orange county from Tampa. I heard there's one, but it has very limited service and it's not a major airline. And so at the time of this recording, I'm still figuring out, should I fly into LAX and then, you know, rent a car and drive down, or do I just deal with a, you know, an indirect flight? And yeah, I'm entitled. I'm spoiled because I almost never have had to take an indirect flight from New York, whether it's domestic or whether it's abroad.

And so it's. It's a serious problem. Anyway, here's my conversation with my crew and I really hope you can sense how important it is to be surrounded by like minded people, to become friends with them and to really normalize the types of conversations that one can have when you're thinking bigger. Hey, everyone out there listening. This is Peter Kim. I'm the founder and creator of a brand called Passive Income MD this is again, I'm an anesthesiologist by training.

I live in Southern California and I love talking about multiple streams of income. Sunny. My name is Dr. Sunny Smith. I'm a family physician by training and I am the founder and CEO of a company called Empowering Women Physicians. And we are arguably the largest or most comprehensive collaborative coaching program for women physicians. And we have the most impactful or effective physician wellness data that exists. So it's an incredibly meaningful line of work to support other physicians in this business.

Bonnie. Hi everyone, I'm Bonnie Ku. I am a dermatologist by training and I. My business is called wealthy mom, MD and my co coaching programs basically help predominantly women physicians to work on their money and really help them start living the life they want now versus waiting for the money to come in before they can do that. Hi everyone, I'm Le T and this is Kenji. And we're both hospitalist physicians by training and we run semi retired MD and we train physicians how to create a source of income by using rental real estate, both long term rentals and short term rentals, to be able to build lives they love.

Okay guys, I wanted to start out with our origin story. So I don't know if there's anyone who wants to start and kind of tell your version of what happened and then maybe we can go around and add in the things that we remember about the experience. What do we talk about? Origin stories. Like of our lives, of our, like our businesses. How we met, Getting together. Origin of us getting together.

Yeah, exactly. Oh, okay. All right. How did it happen for you, Peter? How'd it happen for me? Well, I said I think I've. I've heard. I had heard of Bonnie before. I think one by one, I think I'll just. What I remember, I'll tell you of how I met each person here. You know, Leighton. Kenji. I just remember. I think I remember an email that came in one day from.

It might have been Kenji or I Don't remember just. Just wanting to connect with me online at that time. I was a few years into Passive Income MD and I remember somebody. I should bring that email up. That'd be cool. I bet you it's somewhere I could search that. And it talks about how you guys are interested in invest. Investing in real estate, or you've been investing in real estate.

You wanted to share your story or something to that effect and wanted to connect. And so I remember thinking that, you know, you guys are living in Hawaii at the time. Somehow the conversation came up that you guys were in Hawaii. I was going to be in Hawaii in a month or two or whatever it was, and I said we should get together. And we did. Somehow we made it happen.

I don't know. I was on vacation with my family and usually on this vacation, it's kind of hectic and crazy. But you guys, we all happen to be on the same island of Hawaii. And you guys joined me, my wife, it was the four of us, and we just had acai bowl. You guys brought me some acai bowls. I still remember that sitting there at Turtle Bay up in North Shore.

And we just talked about life, about business, about real estate, all of these things, and about what you guys were hoping to build at that time. And I got really excited by it. And again, that thing, one thing led to another and you guys said, hey, you should, you know, we're coming to la. Ultimately, again, the conversation is probably longer, but we're coming to LA in a couple months for a Tony Robbins event.

And, you know, you should come with us. And I remember thinking, you know, absolutely not. That's not something I'm interested in at all. Something happened a couple days before and I said, you know what? I should do this. And I showed up at this event, hung out with you guys, and I don't know how, Bonnie, how did you hear that we were coming to this event? At least I was going.

I don't know how you heard that, but you're like, I have this other friend that's going. She's my coach. Yeah, yeah, yeah. I think you're like, this is my coach or something like that. I remember her name is Sunny Smith. You should try to meet up with her. And so I still remember, I was like, yeah, yeah, we should connect. And you connected us through that. That's where I met Sunny.

I had met you already, Bonnie, because we had been to some, you know, events together, I think, in the financial blogging world. And then we took a picture together. You remember that guys. You guys remember we took a picture together. Oh, we'll have to put it up. We'll have to put it up for this. Yeah. Acting all silly and crazy in front of this, like, firewalker sign. And that's.

I felt like that's when Bonnie, you weren't there in person, but you were there in spirit, because we talked about you a lot. All good things. But it was all of us together, and that's kind of where everything started. I mean, maybe you guys can add some color to that, because that's what my remember is not always the best. So what do you guys remember? Well, I remember actually meeting Bonnie first, because Bonnie reached out to me and asked.

Asked if we would be willing to do a guest post for her. And we were talking about real estate. And so that's how that whole relationship with Bonnie started when we were still in Hawaii. And Kenji was, like, online, and he was like, oh, I think this guy Peter, he's just really cool. Like, I could just sense his vibe. He's just like, he's not like a lot of the other ones.

Like, he's just very, very approachable. Like, maybe I'm gonna reach out to him. Right, and so you've reached out to Peter, right? That's right. Yeah. I emailed him and like, you said you could probably pull up that email and. Yeah. And then. And then just so happened. We just met up a couple months later is what I remember as well. So. Yeah, your recollection is pretty good. That's.

That's pretty much what I remember as well. Not much more than that. Yeah. And I think Sunny. Yeah, we met at UPW through Bonnie, just connecting us all. I think Bonnie wrote to Peter to find Sunny, and Peter was like, hey, we got to go find this person, Sunny. And Peter, we invited you. So I just wanted to kind of bring that up is like, we invited you to a random conference and you said yes.

And I think that. That you see that a lot, like, a lot of themes of just saying yes, how. How it can bring up so many cool opportunities in relationships. So maybe Sunny. Yeah, And Sunny, I thought. I think you said yes as well. Right. But. But your story there, getting there was. Was kind of a big deal. There was a lot going on for you. Yeah. So, I mean, as I entered into the circle in that I was doing physician wellness coaching.

Right. And Bonnie had reached out, and I was her coach at the time, and I had gone to an Orange County Women in Medicine event. I mean, it was a normal CME type event. And. And the initial people who were there that were on the stage said, you know, what's your advice for people who. For women physicians who want to get ahead? And the first person, they were all leaders.

The first person was like, get a coach. And I was like, what? I'm sitting in the audience like a new coach. How are these women physicians, like, saying, get a coach? Like, I feel like such a, you know, outsider, because nobody was talking about coaching. I thought at that time. And then the second person said, get a coach. And then the third person said, get a coach. I was like, what the hell is happening?

And then someone from the audience got up and said, how would I find a coach? And so I went up to the mic, and I was like, I'm a coach. And so anyway, this is how I ended up at the Tony Robbins event, because then someone who was in the audience came up to me, and she said, you're a coach. Do follow Tony Robbins. You have to go to his stuff.

He has this event coming up. It'll change your life. It changed my life. It saved my marriage. Like, it's life changing. You have to go. And I was like, I don' I mean, I'd known of one set of coaching skills and tools, and they were incredibly effective for me and my clients, but I was like, I don't know about that. I just had suspicion. And so notice the story is like, Peter was like, I don't know.

No, that's not for me. Right? Like, that thought at first, that's not for me. That's not who I am. I'm a traditional physician. Right. I was an academic physician. And so in particular, because it was Match day. Like, literally Match day. Exactly, Match Day. And so since I was a formal medical student advisor and an academic community director, it was my job to be at Match Day day and to stand with my students when they open their envelopes, celebrate with their families.

The news comes, all this stuff. And so this woman kept texting me and texting me and texting me, telling me I had to go. And I was like, who is this crazy stranger? And why does she keep telling me I have to go to some big event in Los Angeles? I lived in San Diego. And so then Peter Kim texts me and says, you know, hey, I hear, you know, Bonnie.

And he texted me a picture of himself, and he said, I'm here in Los Angeles. This is what I look like. Come and meet me. And I was like, well, okay. So that was the day before Match Day. So I drove up there. We sort of met each other, you know, like, said hellos. I. There was a firewalker event that turned on, turned out, went into like 2 o' clock in the morning.

And the whole time all I'm thinking while people are chanting is, what the hell is happening here? Have I gone into a cult? What is this? Like, it feels insane the first time time. And I was like, I need to get back to Match Day. Like, I can't just stay here and chant and wait to walk on fire. So I left and, you know, it was the middle of the night when I was driving home, I went to Match Day.

I had to decide if I was going to go back. I took pictures with my students. That was March 2019. So this ended up the crew that, you know, sort of moving forward were Covid residents and all of this stuff. But I had to decide whether I would go back or not. And there were some people still scrambling that day. And so in the end, I got another text message from you guys and I was like, all right.

I mean, what's the A difference? Nobody's really working today anyway, after Match Day. So I went back and I remember taking calls about scrambling people from the LA Convention center and then going in and being back in the cult and then. But the truth is, and I didn't think we had that much in common, honestly, like, I was very skeptical. I was like, these are physician finance people.

I run a free clinic. Like, I'm the opposite of finance. And then we went to lunch, Kenji and Letty and. And we sat together and I saw, oh, you're approaching physician finance through a different lens. Through financial freedom. You get to choose how you spend your life. And that is what matters. That's what we were all trying to get at was like, how Bonnie said she teaches women physicians to live their lives they want now and not wait till they hit a financial independence number.

And Peter also, you know, passive income, so that people could do what they want and not wait for a certain time. And you also taught people to leverage that. And I thought, I would never do any of that finance stuff. I would never do real est. I would never. And then I just think we all saw we had a lot more in common than I think any of us ever would have anticipated.

And it was a very transformational weekend. I think we all left changed and all left connected to each other in a very unique way. And Bonnie was the ultimate connector for all of us. Right. I really want to highlight that, Bonnie, you're the person who went and found each of us separately. So how did you do that? So if people want to know, like, how do you bring together groups?

How did you go and find each of us? That's a good question. I want to say a little bit about how Sunny said, like, she was skeptical because I did, like, a personal development conference when I was like, 23, and I heard about it through a friend and I thought she was crazy. So it's like a. Like the similar theme. I was like, she's nuts. It was right after 9, 11.

I was living in New York City. And the reason why I ended up doing it was not because I thought what she said was sound. It was because I was studying for the mcat. She said, you're going to get a higher score if you do this. I'm in. I'm in. I want to do dermatology. I'm going to need all the help I could get. So it's just funny how that's what got me in.

And then. And that's one of the reasons. And I say that because when I saw that Sunny was offering coaching in a Facebook group, I didn't have to be sold on coaching. I already knew what it was. And I also knew that it wasn't, like, cheap if you wanted your own coach. So when she was offering free coaching, I was like, holy cow. Basically, I was like, yes, I'm gonna do this.

Like, I can't believe it's free. Because I remember wanting to hire someone when I was in my 20s, and it was just cost prohibitive for me at the time. So that's how Sunny and I met. And then I think I met Peter before because we were in the financial blogging world. I think we met in person at the first White Coat Investor. And you was. You were just coming out, I think, around, you know, because I knew who you were enough to meet you versus, like, I don't know who Passive Income MD was.

Right. Can we clarify that? That means. Okay, just clarify a little bit. There's nothing wrong. I'm just saying. But you revealed your identity, and I was revealing my identity on it. Right. Okay. And I want to say, Peter, just for a second, I want to put in because, again, I ran a free clinic. And so the fact that you were so humble that you wanted to help other physicians and were anonymous helping other physicians as Passive Income md, and it wasn't about your ego.

It wasn't about you. And only after a long period of time of helping people, you went through that transformation and deciding to put your name out there and deciding to Come forward with who you were. That actually meant a lot to me. It was endearing. It told me something about your character. And so I think when people are looking for other people and how do you know who's a good character?

It's what you do. When people don't know who you are and people aren't watching, that tells a lot about you and your values. And so I knew kind of right away that this was going to be a safe space. Space to be in. So go ahead, Bonnie, with your story. Yeah. And then we met again at another conference, fincon, and I forget what year that was. And that's actually when we had a conversation that I mentioned all the time to people is.

I think it was around the time when I was like, do I keep doing this blog? Like, it was kind of fun. It was making, you know, a few thousand dollars. Like, that was like, cute, right? And then I was like, should I do this business? And I was working with Sunny at the time. And that's when you said, go big or go home. And you didn't say it like in a, like, mean way or whatever or provocative.

You were just like, make a decision. Go big or go home. And it was just very matter of fact the way you said it. And I was like, I don't know. And then that's when I decided with Sunny to pursue it. And then with Latean. Kenji, I do remember you writing me a guest post. So the question is, how did I. I must have heard about your blog somehow.

I don't remember. I. What I do remember is being on my bed in Philadelphia and us having our first phone conversation. I forget what year, but I remember where I was. Which is kind of random, right? Because I do too. I remember. Oh, my gosh. Yeah. Talking to Bonnie because she was such a big name. She was Miss Bonnie. And I was like, so excited, like, to get to talk to her.

It was really, like pivotal for me. I mean, it was a big deal. Yeah, I think this was before. Yeah, before, you know, you had courses and stuff. You know, the blog was just a blog. I don't know what your origin story is in terms of how. How your blog started, so. So I think I met all of you around the same time. And yeah, I do remember telling you all, like, oh, Sunny will be there.

And I think I remember saying, like, she's really tall, so that might help find her because obviously there's thousands of people at this conference. Right? So, yeah, that was 2018 when we all met you. And then 2019, we met each other. Yeah. Yeah. Somehow we all ended up on a text thread together at that time. I think that's how after this event, then we decided that, like. Yeah, well, I mean, we decided to call ourselves the Power Group.

If we're being transparent, I don't know where that came from. I have no idea. I think it was me. There you go. It's Bondi's. Always a ringleader. Well, you can name a group chat. And I thought, leesh, we should just have a name. Yeah. I want to point out Bonnie was the ringletter the whole time of everything. She met us all individually. She put together the text thread.

She gave it a name that she remembers. Right. Yeah. And I want to point out also how each of us, just by saying something along the journey, has, like, totally transformed what the other person did. Because, you know, Peter transformed what Bonnie did. But Bonnie was the person who brought courses to us and said, hey, course. You should do a course. I'm doing a course. Right. And so that totally changed what we were doing, because we had met Sunny, we thought we were going to do a coaching program.

And then Bonnie set a course, and we changed. So it's just. And I'm the one who taught Bonnie how to do courses, because I had done. I had become a coach. And then I had also. One of my coach friends had said, hey, have you heard of James Wedmore? He has this program called Business by Design. I went and did that. And so I was like, hey, he has this program called Monetize.

Before you make it, I asked him, can I share it with my client Bonnie? Because I think she could make a course and teach women physicians this. And so, like, the. The interweave. Interweb, or like, CR of people who have similar interests. It's like, this is what I'm doing. What are you doing? This is. How can we make this better? How can we all help each other out?

Right. And even though you're all in the financial space, none of you were like, well, someone might sign up for Bonnie's course and not mine or Peter's and not mine. Right. There was none of that. In fact, I have to say, if we put together a list of people who've been in all of our programs, that list would not be small. Right? Yeah. There's definitely, like, a Venn diagram where they all overlap.

Yes. But I think that's one thing that's beautiful is none of us feel significant competition with the other people. We're, like, always truly trying to help the other people and know that there's not a fixed pie. Yes. Yeah. And people should know that we get together and actually are pretty transparent about our businesses. We share a lot of the challenges, struggles of the business particularly obviously our successes.

But we're all like, every time we meet, we're trying to share what's working well and some of the challenges where we have. And the cool thing is we all are getting our information not actually from the same place. Like you know, you guys have done Keith Cunningham, you guys done all this. Like you guys are going to your own masterminds and everybody's doing their own masterminds. Some of the things we do together, but a lot of things we're doing is we're all pursuing our own education on our own and then we're bringing it back to everyone else and like kind of condensing it down and giving the best stuff, which I think has been like a really fun part is everybody's contributing to everybody's education and helping each other.

So I know I've learned a lot from you guys. I mean Peter even, because I'm like a little disorganized. And so Peter even told me who his CEO was or his COO is fractional coo. And we shared a COO for like how did that turn out? Six months. I mean she got so much organization and structure in my business. She really did. I mean I went from like a one woman show with one VA to a company with that woman.

And I learned about culture and fit and she wasn't the right culture fit for me. But you know, I learned a lot because like when you're saying we help each other, like we really, really help each other. And we really do go into very different spaces for the. We all invest significantly in personal development and coaching and business support and with very different spaces and you know, whether we want value alignment or whether we're looking for a certain goal or result and then we really do trying to help each other and teach each other.

Yeah, I was thinking about what, you know, allows this group to be such a really great group and part of it is a growth, growth mindset and also the mindset work that we're all doing. And so if we can talk about some specific examples where somebody went and and learned something or grew and was able to help you with your business. Well, I think Sunny was, was the one who said introduced idea of doing a course like that would have never entered my mind.

And you were the one who said you can sell it before you make it. And I was like that's crazy. But that doesn't mean you don't have a plan. Right? You gotta, like, know what to sell. You can't just be like, I'm doing something. Buy it. Right. You have to. So I remember, like, I planned it all out, but. So that was definitely facilitated by you. And I guess, you know, lady and Kendra were like, oh, we should do a course too.

Like, I don't remember exactly that conversation, but I think we would just talk about, like, what we're doing, what we're up to, and if it's not an interesting, like, oh, tell me more about that. What are you doing? How did you learn how to do this? Like, in the beginning, like, we were all, like, beginners and online business. And I felt like we were all sponges. I feel like we are still sponges.

The difference is that now we just have a lot more knowledge and experience under our belts. But, like, we're like, I. I did the sales page copywriting course just recently, and then I'm working with the same coach for email copy. And so I'll definitely share what I've been learning. Like, she's. She's so good. And so, yeah, we're always taking some sort of. We're always in some kind of, like, business, whether it's a coaching program or to learn a specific skill, like, you know, copy.

And then we could always bring that to the group. Yeah. I was wondering where the membership site came from, because I think at least a couple of us have done membership sites and that's been a significant impact on our business. So was that Bonnie again? Bonnie. Oh, yeah, Bonnie' One that goes out there first, like, meets all the. The right resources, tries it out, tells us all about it, and.

And then many of us then will try it. I feel like Bonnie's the first one always. Well, and then what she does, literally, and then she becomes everyone's taste study. Right. She became like, Amy Porterfield's case study. Stu McLaren's case study. Like, she's. I met. I met Stu, who teaches about memberships at James's event. That one that I had told Bonnie about. But. But again, when Bonnie, like, a lot of people hear about things, but I think what's remarkable and exceptional.

Exceptional about everyone in this group is we don't just hear about things. We enroll in things and attend things and listen to things with the intent to take action. And so whether she goes in with the intention or not, she's like, I'm going to be everyone's star student. I'm going to be a testimonial, because I'm going to apply this work. Otherwise, why did I enroll in the program?

You know, like, if you don't want the result, don't enroll in the program. Don't waste the thousands of dollars. And so I just think that that's. It's a characteristic, right. That is. It's no accident and it's replicable. Yeah. And I think the same with. The same with each one of the people here. That's what I was going to say. Like, we all take action on things that we've learned.

We're not just, like, sitting around, you know, I think I learned from you, Peter. Like, I saw you give a talk, and I say it over and over again. Like, you know, a lot of us think knowledge equals power, but it's knowledge plus action equals power. I use that line all the time because it's so true. Right? Like, and I think, you know, I made that, guys. I made that.

I made that up. Just want to let you know. No, but that's. Tony learned it from Peter. Yeah. You know, but I think that. Sorry, I was just gonna say that I think that what another thing that I got from Peter that's a saying is like, what if it's the third time that it works out? He said that in real estate to one of my clients, who is also one of your clients, the as well.

But it's knowing knowledge plus action equals power, and then knowing it's probably going to be the third time that you actually get it right. It gets you out of the perfectionism and trying to get it right the first time, because it's like, you have to experiment the first time and the second time to have enough experience under your belt to get it right the third time. Yeah, I got to say, Peter is, in my opinion, like, an incredible salesperson.

Like, when I watch his webinars, like I'm watching, I'm like, oh, my God, I got to learn from Peter. I got to learn from Peter. I want to be like Peter when I grow up. Right? So, like, each of us have built skills in certain areas and that we can model off of each other. And it's just so great to be able to learn from watching you guys kick ass in your businesses, too.

Like, the actual. It's that we actually care, though. Like, because if you think of Peter, why, when you say he's a good salesperson, I like, I don't even think of Peter as a good salesperson, per se. What I say is, like, he's. He Cares about people. He's everyone's best friend. He genuinely likes them. You know, like, I genuinely like Peter and all of you do as well. So there's like that.

It's not transactional, it's relational. And having a real relationship with people really matters because, you know, they'll forget what you say and did, but they'll never forget how you made them feel. It's Maya Angelou. Well, a good example of that is I was just at my 15 year med school union, which kind of blew my mind. It's like, it's been 15 years. And I was telling them we were all just, you know, talking about money because they were asking me what I was doing.

And we were talking about real estate, and I mentioned your name. I, like, told them at the conference. And then my friend Jessica, who I introduced to you when she took your sundaycation course, she's like, oh, my God, I love Peter. I gotta go, I gotta meet him. I can't wait to hang out with him. And I feel like people say that a lot about you. Well, I brought, by the way, Bonnie came over my house recently and I brought her to a little picnic.

We were having a little picnic outside for the neighborhood people, and then I was introducing her, and then somebody's like, wait a minute, you're Bonnie Coup? Like, I've read your book, I've done this. And it's amazing to see the influence of, like, I didn't even know my neighbor. Like, again, I never talked about Bonnie to my neighbor, who happens to be a physician. But it's just. It's just really cool to see the impact that all of you have made.

All your names come up. When I talk to people in the space, whether they're in real estate or not, just kind of influencing, you know, the influence that you've had on them has been amazing. And I will say all of you have had an influence on me, obviously, in so many different ways. But one of the biggest ways is definitely, like, how much you guys are all willing to invest in yourselves.

Like, the whole education aspect of learning more masterminds, coaches, you're not just telling people and creating these things for other people. You're doing it yourself, too. And so the amount of, like, you stretch my mind to, like, what's. I'd say, what's, like, possible in that sense? What is reasonable? I guess, in a sense, like, you know, being in my world, I'm like, I don't want to pay that much, you know, because I'm more worried about the cost versus the benefit.

Right. The cost versus the return on investment. And what you guys have really taught me is that it's not about how much you spend on, it's what you get out of it in terms of value, value. And, and you're able to now I'm able to see these things in terms of that light. It's not like, oh, how much I'm going to spend, you know, it's more like what am I going to get out of this?

And, and like so now obviously Latino, I mean we were all spending significant amounts of money on our own education, masterminds, coaching, all of it. But it's created the amazing returns for all of us. And I think we can all probably say the return on investment has been like not small but humongous. Right. And so those that wouldn't have been possible if I didn't see each of you kind of invest in yourselves.

And that's allowed me for sure. And that like when I was doing this at first I was the literal only physician I knew doing this, right. Like my initial Coach training was $18,000 and everyone thought I was completely insane. And then once I got around people who really again invested in themselves in this work and whether it's a training, a certificate, a program, a course. And then I had just decided from the get go, like from the jump I had heard, because I'd read Grant Cardone's book 10X, I just decided, I'm like, I get 10X out of everything.

And my first offer to Bonnie was I guarantee you'll 10x your money. So pay me this and I guarantee 10x your money or I'll give it back. And so I just had that thought for myself and I still have it. And I know it seems extreme and like there's another book coming out soon that's called 10x is easier than 2x because you have to as Benjamin Hardy, the guy who wrote the gap in the gain good book for everybody to read.

But really, even if you knew if you decided ahead of time you were going to 2x or 3x or 5x, like there isn't Peter's passive income MD. I mean I give him hundreds of thousands of dollars for syndications. I'm not expecting 2x or 3x or 5x or 10x. Right. So it's so I do think it's been helpful to see other physicians doing this too. And again, not at all to be self serving or salesy my life, as you all know, I'm going through a really hard time right now my life is so much better.

My mind is so much better. My ability to cope is so much better. My perspective is so much better. By purposely surrounding myself with people who think that our life experience matters. Because let me tell you, physicians are not accustomed to thinking that their experience of this life matters. They just sacrifice themselves and sacrifice themselves and sacrifice themselves. And it's like, what if all these rules were made up?

And what if you didn't have to play by their rules? What rules would you play by? And so I think the people who. Who immerse themselves in mindset work start to realize we really can make up our own rules and we can still work as physicians, or we can work part time, or we can do all these other things that, like, we really do get to play by our terms.

Wow. It's one of the best things is that we get free coaching from Sunny. Yeah, I mean, you're already doing this, but I'm just saying, when you talk about roi, there is a, like, literal. You can look at my, you know, whatever Social Security statements or whatever, there is a literal roi. But what's more important. And you guys know that I'm, like, speaking my absolute truth here, because money solves problems that money can solve.

And then you're left with the real work, which is like, what is this life really about? And what is your experience of this life? So let's get everybody who's listening, because you guys are financial people, like, so let's all get them to the point where they know they have enough money. Money, the money's not a worry anymore. And then again, what are you really doing with this life?

It's. It's a profound place to be and reflect on. It is. It is. So let's talk about going forward. I think we've talked a lot about the past and, like, what made us such a good fit for each other in terms of mindset and. And how we've been kind of going so far going forward? What kind of things would you like to see changed or added about what we're doing now?

Just for people to be able to model, like, okay, I. How they got together. I see how it's worked so far. What do you want for the future? Are you talking about in the context of our group specifically, or our businesses? Oh, okay. Well, one thing I realized, great is because peer masterminds, you know, I think there's pros and cons, right? It's really easy for a pure mastermind to just kind of be like, well, I'm not paying for it.

It doesn't matter. And I think our group has been different because I'm. I've been in peer masterminds or attempted where there's just not buy in. Whereas ours kind of came organically, I think, you know, really purposefully, you know, meeting up. Like, I think we all end up meeting each other because we kind of go to the same conferences. But when was the last time we were all together?

I can't remember. It's been a while. Like Peter's conference, I think. My conference. Yeah, yeah. Afterwards, My backyard. Yeah, it's been a while. It's been a while. Yeah. Yeah. So I think, like, purposely doing something that, you know, maybe not just, you know, attaching to a conference, but we've talked about maybe, like, doing, like, planning a vacation slash work thing together, right? So we can all bring our families because, you know, it's hard to always separate from our families.

So we've talked about Disney cruises or Greece. Like, I don't remember, but I think it's just, like, you know, executing it. And I think, like, lady was in charge of getting this podcast together. So I think what it takes, and this is just for anything, is like, someone's got to kind of decide to organize something, right? To kind of be, I guess, the ringleader, right? So, like, one of us will have to be like, okay, like, let's look at our calendars.

Let's figure out a time to go. I think, Peter, you said you're going on Disney cruise next year. Since we're like, what dates is that? Like, maybe we could go and we vote on that person right now? I vote Bonnie. Organized. We need one person. Is that what you're saying, Bonnie? I'm happy to. I think it'd be really nice for us to purposefully meet in person. Like, I think we're pretty good about meeting, you know, periodically and, you know, like, to you really, you're really good about organizing that.

Like, hey, let's meet up, up. And it's. There's no, like, specific cadence. And I think that's also nice is like, we're not like, oh, we gotta meet the third Wednesday of every month. Or it's kind of like whenever it feels like it's been a while, we'll kind of end up doing a zoom call. But, yeah, I think that's one thing I would love, is to actually meet in person.

We're not, like, you know, where Peter's not, like, running a conference, right. Because that's obviously a huge use of his brain. Time and he's got to focus on that. So whether we just stay a few extra days and, like, you know, maybe go to your str and where is it? By Coachella. Oh, Indio. Yeah, right. Or one of their STRs or everybody has something somewhere. We're having a thing in Puerto Rico soon.

You can all come to. As soon as I buy my. Our Italian villa. Yeah. Yeah. There you go. I think what I would say about that is that I. It's about my experience that Leyte is the instigator for our meetups generally, and she kind of has to hunt us down. Like, it's not easy. We're not all like, hey, sure, yeah, we'll do that. It's like every. How about this day?

How about this day? How about this day? How about this day? And everybody's going somewhere all the time. You know, like, we're. We all have conferences and things we're going to. So it's not an easy job for you. I've noticed it's most common when, for instance, you or one of us has a significant issue. Like, as Peter was saying, like, we really come together with, like, oh, the stuff's gonna hit the fan right now.

Like, I. We're in it. We're deep in it. We need some people who are physicians, who are entrepreneurs who get what it's like to run a sizable business. And when stuff hits the fan, because it's like the team or the this or the that. And so lay t, I find, is very good and persistent about getting us together. And then what I think, even for the better is, honestly, I think, like, are we meeting instead of waiting for every single time, like, our COO quits or our, you know, whatever terrible crisis is going down?

And maybe even we could take turns like this. This month. You lead next month. I lead next month. Right. Like, we could actually do that. And then also, I think the. In persons with intention to have a period of it that is mastermindy. And then there will be periods where. Because even in my real. Not real, but in my paid masterminds, there's the content. You know, say you're at a thing from nine to three or whatever, nine to five.

And that is super important. You're there with your notebook and all that stuff. Stuff. But a lot of the learning comes from sitting by the pool and having a drink at the bar. And so I think we could, for ourselves, do both of those things. We could have some actual content. And we're also really good at the, you know, drink at the bar or and it doesn't have to be alcohol.

Right. I was at Leyte's house yesterday and it was her two year old's birthday and we had cake. Right. And also went to the pool. And the reason we're in Puerto Rico is because of you. And they're. Exactly, exactly. And you just came to visit, right? So it's like you, you really do become the average of the five people. You. Before I met you guys, I had my five people and we're basically the same person.

We're underserved medicine, family medicine faculty members that teach. That's. That's who we are. And we've been best friends for 25 years. And they're still my people, but I, they don't really understand the kinds of things I have to talk about right now. Right. It's a very different world. And so having you as some of my five people. I think again, that just spending time with people intentionally, the things that Peter happens to talk about.

About. Right, or that you happen to talk about because it's part of your life. It's not like you're trying to teach me all the time. It's just this is your life. And so, yeah, I think structure plus the unstructured time are things that we could take turns doing. And I look forward to doing that. It's gonna be super fun. Peter. Yeah, I mean, I think, I think we need to be intentional about meeting up.

That's really, that's really what it is. I think we're all busy and I think everyone, probably everyone in their lives, they've realized that without setting something especially way up in advance, like, it just doesn't happen. I mean, I, I think like Bonnie's talking about, she's got a conference coming up and you know, if she doesn't put that date down pretty soon all of our schedules will be filled up already.

I mean, just the way it happens, life happens, right? March 3 through 6, 2020. Yeah, I had to. We're there. Like, I was just, I was like, are you guys free this day? And you know, we. Not everyone knows our schedule that far in advance, but we knew for sure, like you didn't have. Have certain big things that, you know, you had responsibilities for. So. Yeah, that was also part of it too.

It's like, okay, finding a date that would work for all of us. And I'm, you know, really hoping that you guys can all make it. So. Yeah, I think that. So we should probably talk about Sunny. I was just gonna say I'm the opposite. Yeah. Peter's Peter will be like, I have a conference going on. It starts on Saturday. Sunny, can you come? Are you gonna come? And I'll be like, yeah, I'm just, I'm just last minute because my life has been.

Has had a lot of unforeseeable events, you know, and so I needed flexibility in my life. So when Bonnie's like, March, I'm like, I mean, you could create a whole human between now and March of next year. Like, there's no way to actually know what's gonna happen during that time. Put on the website. Just do it. Bonnie put her name on the website. You know, put her picture.

I saw. I saw my name, a picture on the website you're creating. I don't have your headshot. Otherwise, I'm just gonna put your picture up there, Sonny. I'll get it. Yeah, I'll give you a headshot. But I wrote subject to change. But it's a mirror ball. I mean, who's not gonna want to go to Miraval? Yeah. Yeah, exactly. But I, I, I've learned this, and I think my wife's reminded me of this too.

Is that, like, you know, if you don't set even time with her, like, a potential, like, it's just like, you're gonna fit in the cracks maybe, but other things keep filling it first. And so I think for us, we've talked about it for a while. I think you're right, Bonnie. I think we got to just, like, like, set these dates intentionally. We need to set intentionally, like, time in advance and block that off, and then that way we can say no to other things.

And so. Well, MAR would be a great way to extend because you're at a spa resort, and it's all inclusive, and it's, you know, it's like the perfect, you know, backdrop. So maybe we could talk about just adding a few extra days or. Yeah, it's probably better to do after, right? I think so. Yeah. I was actually just thinking that one. You know, we have a mastermind that it was conflicting with Peter's PIM decon.

And I was like, oh, we got to rearrange the mastermind, right? Because I. We're going to pimdcon. So it just gives you a sense of, like, we make sure that we're at each other's important events to support each other. You guys, you know, were our affiliates. For the first course sale, we didn't have a huge list. You know, you guys made all the difference in the growth and, like, and it.

It just, you know, knowing how Much of a difference you guys have made in our growth, our trajectory. Like, you know, just the loyalty of being there this whole time. It means so much to, to us and to all of us, I think, to have this relationship where we all started from the beginning and we've all grown and grown some really remarkable businesses over time, through each other, helping each other, which is really, really phenomenal and beautiful.

So thank you guys so much for your time. This was so amazing. Can you, each of you maybe tell everyone how they can get a hold of you and find you and learn more about you? Yeah, I'll go first. First of all. Well, quick question, lady. Did you say what you want to see and do going forward? I don't think we had anything. Yeah, we didn't have anything.

I mean, the only thing I had to add was that I would love us to do like a group like two day thing where we just bring in all our people. Oh, yeah, we've talked about that. Right. We just gotta. But it would be killer. Killer. Yeah. Right. Okay. I said, are you allowed to cuss on this show? Yeah, I said, when the stuff hits the fan, because I didn't know that answer to that question.

I was gonna say. Then I was like, maybe it's not an explicit show. I don't know if it is. Now you got the. If I had the choice, I would have made it explicit. So. Yeah, all right. No, I think that's a great idea. I mean, I think if people are interested in that, I mean, that's maybe something in the future where we create like a, A joint kind of.

Well, this is what my conference is kinda. You guys are all going to be there. Maybe I need. Maybe I need to rent out the whole resort buyout. It's got to be like, it's got to be a conference on, on wealth in general, like financial wealth, but also like the wealthy mindset. Right. It's like, it's a combination. I think that's what she's doing is actually. Yeah. Yeah. All right.

So people can find me at Wealthy mom md. And so those are all my handles. Instagram, my website, my podcast. So that makes it super easy, honey. People can find me at empowering Women Physicians.com and they can get like free resources and guides and things, like things that I actually do with my clients. They can download them there. I would say most people don't know me from my Facebook group.

And so that is for women physicians. You have to be a woman identifying physician to get in there. And then I have a podcast of the same name, Empowering women physicians. You can find me at Passive Income md, that blog podcast by pretty much the same name. We have some Facebook groups and, and of course there's a conferences that we do, pimdcon and Leveraging Growth Summit, so look out for those.

And yeah, that's it. And that's where you'll see all of us for sure too. You can find us @semiretiredmd.com and we do courses, masterminds, and you can find our public Facebook groups as well. Semi retired physicians and semi retired professionals. Thank you guys so much for your time. This was so much fun and I can't wait to get texting to you guys later today about other things and all the things we've been going through.

It's just really an incredible thing to have all of you in our lives. So thank you. All right, thanks. Bye, guys. Thank you. Hey there. Thanks so much for tuning in. If you love what you heard, be sure to subscribe so you don't miss an episode. And if you're listening to this on Apple podcast, I'd love for you to leave a review. Reviews tell Apple that this podcast is, well, awesome and it will help women find this podcast so they too can live a wealthy life.

And finally, you can learn more about me and what I do @wealthymom md.com See you next week.